Filed January 23, 2023
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 8-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,770 | $81,460-34.0% | $103,333-48.0% | $80,856-33.5% |
| Participation rate | 81.5% | 66.8%+14.6pp | 74.5%+7.0pp | 67.6%+13.8pp |
| Annual return | 12.42% | 25.55%-13.1pp | 24.88%-12.5pp | 35.59%-23.2pp |
| Employer contribution / active EE | $2,229 | $3,105-28.2% | $3,868-42.4% | $2,755-19.1% |
| Participant deferral / active EE | $6,300 | $3,869+62.8% | $5,057+24.6% | $4,296+46.6% |
| Admin fee / account holder | $8,969 | $6,566+36.6% | $8,355+7.4% | $6,918+29.6% |